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EURGBP Technical analysis 11.09.17

EURGBP

The pair is still under pressure following the last week's release of positive data on British economy, moreover, the pair has been strongly overbought recently.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone, Stoch are already there.

Trading recommendations:

If the pair drops below 0.9100, it's likely to go further down to 0.9050.

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